The successful warrior is the average man, with laser-like focus.
Bruce Lee
10th November 2017  
 
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The Story

Fortuna Entertainment Group (FEG) wants to be the top gambling operator in five regional markets in Central and Eastern Europe by 2020.

 

That is a lofty plan!

FEG released its fiscal report card for the first nine months of 2017, during which total amounts staked at the company's operations surged 69.1% to €1.3b. FEG has a presence in the Czech Republic, Slovakia, Poland and recently expanded into Romania, Croatia and Spain.

 

The numbers seem to be in their favor.

FEG was able to overcome its unfavorable sports results early this year to post a combined revenue of €185.3m, a year-on-year increase of 54.1%.

 

FEG was also able to capitalize on their recent moves.

This year's acquisitions have reshaped FEG's geographical revenue profile: the company sustained losses at the Czech and Slovakia markets but its revenue share in Poland increased.

 

But not all things are rosy for FEG.

Despite all the high double-digit gains, FEG's total net profit for the year-to-date was down 18% to €7.9m.

 

Takeaway

The current numbers show that FEG is well on its way of becoming the number-one licensed betting and gaming operator in its current five Central and Eastern Europe ((CEE) markets. It is currently the top operator in Romania, while it's a solid runner-up in Czech Republic, Slovakia, Poland and Croatia.

 
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Asia Gaming Summit 2017 day 2 recap

Stephanie Tower continues to bring you the highlights of the second day of the Asian Gaming Summit from Taipei.

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Around 3.8 million people played daily fantasy sports for money in 2015. Heavy users–1% of those people–accounted for 60% of entry fees for the sites.

 
 
 

Use roadmapping to determine pertinent technologies such as Artificial Intelligence, Virtual Reality, and Blockchain that will help in the growth of your business.

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Global Gaming Expo Asia 2018 gets set for Industry Heavyweights

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College football fans, let's huddle! The updates college football futures show that it's down to a two-man race to win the sport's most important individual award: Penn State running back Saquon Barkley and Oklahoma quarterback Baker Mayfield. For more sports betting odds, click here.

 
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